The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for March 16th, 2010

CATO: DC Schools Pay $28,170 per child for failure. Every school district examined greatly under reports stated expenses.

Posted by iusbvision on March 16, 2010

Via Big

Just as an example, the CATO  study  found that, while Washington DC public schools claim to spend about $17,000/student, the actual price tag is closer to $28,000. Just to put this in perspective, this is a higher price than the private Potomac School, Georgetown Preparatory School, Stone Ridge School and Georgetown Visitation Preparatory School. In fact, it’s only $2,000 less than Sidwell Friends, the ultra-exclusive private academy where President Obama’s own daughters attend.

In other words, parents in Washington are spending nearly as much on schools with a 41.8% dropout rate as they could be on a school that produced Nancy Reagan and Bill Nye and is widely regarded as one of the best private schools in the nation. One is reminded of Ronald Reagan’s quotation during his 1964 speech that “But again we do some arithmetic, and we find that we’re going to spend each year just on room and board for each young person we help 4,700 dollars a year. We can send them to Harvard for 2,700! Course, don’t get me wrong. I’m not suggesting Harvard is the answer to juvenile delinquency.”

As any exasperated advocate of commonsense education reform can tell you, liberals and their allies in the teachers unions will, like drunken spammers, never cease to declaim on how “PUBLIC EDUCATION NEEDS MORE MONEYS LOL.” Yet, as highlighted in the video above, a recent study by the CATO Institute has found that public educators routinely lie about the exorbitant costs of education so as to keep parents from realizing just how little the vaunted Leftist sacred cow of public education actually provides for their child. Yes, you read right. When it comes to public education costs, some of the biggest liars are people who our tax dollars pay to teach the truth.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Economics 101, Is the cost of government high enough yet? | Leave a Comment »

Homicides in Venezuela have quadrupled in 11 years under Chavez, government no longer releases crime data

Posted by iusbvision on March 16, 2010

Via Dr. John Lott:

The Chavez government has accomplished a lot in 11 years. From Reuters:

The Venezuelan Observatory of Violence (OVV), whose data is widely followed in the absence of official statistics, said the South American nation has one of the highest crime rates on the continent, with 54 homicides per 100,000 citizens in 2009.

That rate is only surpassed in Latin America by El Salvador where 70 in every 100,000 citizens were murdered last year, the OVV said, citing official statistics from that country.

Crime repeatedly comes first on Venezuelans’ list of worries. It has also begun to drag on Chavez’s traditionally high approval ratings as well as scare tourists who come to Venezuela.

“The problem is not so much the criminals, but rather the government’s inaction and lack of policies,” OVV director Roberto Briceno Leon told Reuters.

Chavez says he is doing his best to combat crime, which he blames on wealth inequalities caused by former governments.

He accuses foes of exaggerating the problem to foment fear, and has recently hiked pay for police officers, as well as launching a new national force.

The Interior Ministry, which last gave official crime statistics in 2004, declined comment on the OVV’s new figures.

Briceno, a criminology professor at the Central University of Venezuela and at the Sorbonne in Paris, blamed a weak judicial system and ineffective and corrupt policing in Venezuela, where he said 91 percent of crimes go unsolved.

He collates his figures from police sources and media reports. When Chavez came to power in 1999 there were 4,550 homicides whereas in 2009 there were 16,047, the OVV said. . . .

With a murder rate of 140 per 100,000 citizens, Venezuela’s capital Caracas has the highest murder rate in South America, only exceeded in the hemisphere by Mexico’s Ciudad Juarez.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Leftist Hate in Action, Russia | Leave a Comment »

Another Lie: Obama now fully reversed on offshore drilling.

Posted by iusbvision on March 16, 2010

Via Dr. John Lott:

The Obama administration announces a three-year offshore drilling ban

During the 2008 presidential campaign, Obama said that he would allow offshore oil drilling.

Democratic presidential candidate Barack Obama has also moderated his stance, moving from staunch opposition to suggesting that new drilling could be part of a new energy strategy. That shift led to accusations from some of his supporters that he had flip-flopped. . . .

Or this:

Sen. Barack Obama responded Saturday to criticism that he has changed his position on opposing offshore oil drilling.

Obama said Friday that he would be willing to compromise on his position against offshore oil drilling if it were part of a more overarching strategy to lower energy costs.

“My interest is in making sure we’ve got the kind of comprehensive energy policy that can bring down gas prices,” Obama told The Palm Beach Post early into a two-day swing through Florida.

But on Saturday morning, Obama said this “wasn’t really a new position.” . . .

However, now Obama has imposed a three year ban on offshore oil drilling.

The Obama administration’s six-month delay in approving new offshore drilling leases in federal waters will become a new three-year ban, Interior Secretary Ken Salazar quietly told reporters last Friday. Which means that no new oil and gas leases will be approved during President Obama’s term even though two –thirds of the American public supports such activity, according to a December 2009 Rasmussen poll.

Sixty percent also believe that gas and oil prices will drop if the government allows offshore drilling, opening up an estimate 14 billion barrels of oil and 55 trillion cubic feet of natural gas

On July 14, 2008 President George W. Bush lifted an executive ban on Outer Continental Shelf leasing. On October 1, 2008, in a bipartisan agreement, Congress lifted another longstanding ban on new oil and gas leasing in the OCS.

Drilling was supposed to begin this July. But Salazar said he intends to discard the 2010-2015 lease plan developed by the Bush administration in favor of a new plan that won’t even go into effect until 2012.

“Secretary Salazar has finally confirmed what had long been feared – that the Obama Administration has no intention of opening up new areas for offshore drilling during his four-years in office,” said Rep. Doc Hastings, the ranking Republican on the House Natural Resources Committee. , , ,

Posted in 2012, Campaign 2008, Chuck Norton, Energy & Taxes, Obama and Congress Post Inaugration | Leave a Comment »

Fox News still beats competitors combined.

Posted by iusbvision on March 16, 2010

TV Newser:

Friday Mar 12, 2010
25-54 demographic: (L +SD)

Total day: FNC: 413 | CNN: 117 | MSNBC: 109 | HLN: 131

Prime: FNC: 643 | CNN: 158 | MSNBC: 224 | HLN: 129

  5p: 6p: 7p: 8p: 9p: 10p: 11p:
FNC Beck: Baier: Shep: O’Reilly: Hannity: Greta: O’Reilly:
  740 545 576 831 566 533 472
CNN Blitzer: Blitzer: Blitzer: Brown: King: Cooper: Cooper:
  84 105 112 116 184 175 194
MSNBC Matthews: EdShow: Matthews: Olbermann: Maddow: Olbermann: Maddow:
  78 108 141 226 263 182 116
HLN Prime: Prime: Issues: Grace: Behar: Grace: Showbiz:
  80 93 158 141 111 144 157

Data by Nielsen Media Research. Live and same day (DVR) data.

Total Viewers: (L +SD)

Total day: FNC: 1574 | CNN: 441 | MSNBC: 391 | HLN: 317

Prime: FNC: 2676 | CNN: 737 | MSNBC: 820 | HLN: 531

  5p: 6p: 7p: 8p: 9p: 10p: 11p:
FNC Beck: Baier: Shep: O’Reilly: Hannity: Greta: O’Reilly:
  2550 2276 2081 3479 2427 2116 1427
CNN Blitzer: Blitzer: Blitzer: Brown: King: Cooper: Cooper:
  451 422 429 575 817 820 557
MSNBC Matthews: EdShow: Matthews: Olbermann: Maddow: Olbermann: Maddow:
  390 468 531 991 955 515 334
HLN Prime: Prime: Issues: Grace: Behar: Grace: Showbiz:
  220 188 416 669 607 351 382

Posted in Chuck Norton, Culture War | Leave a Comment »

Moody’s Warns, US and UK Closer to Losing AAA Credit Rating

Posted by iusbvision on March 16, 2010

When I first warned that this would happen some of my lefty friends said I was nuts and now for the second time in recent months Moody’s, the organization that sets the credit ratings for countries and international firms, has warned us that we are in danger of losing our AAA credit rating.

What does that mean to you? It means an immediate increase in the cost of credit, mortgages, loans of all types. It means the interest on the US debt will shoot up. It would make the last year look like the good old days. Think Greece.

Bloomberg News

March 15 (Bloomberg) — The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.

The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview.

Under the ratings company’s so-called baseline scenario, the U.S. will spend more on debt service as a percentage of revenue this year than any other top-rated country except the U.K., and will be the biggest spender from 2011 to 2013, Moody’s said today in a report.

“We expect the situation to further deteriorate in terms of the key ratings metrics before they start stabilizing,” Cailleteau said. “This story is not going to stop at the end of the year. There is inertia in the deterioration of credit metrics.”

The pound fell against the dollar and the euro for the first time in three days, depreciating 0.8 percent to $1.5090, while the dollar index snapped a four-day drop, adding 0.3 percent to 90.075.

The U.S. government will spend about 7 percent of its revenue servicing debt in 2010 and almost 11 percent in 2013, according to the baseline scenario of moderate economic recovery, fiscal adjustments in line with government plans and a gradual increase in interest rates, Moody’s said.

Under its adverse scenario, which assumes 0.5 percent lower growth each year, less fiscal adjustment and a stronger interest-rate shock, the U.S. will be paying about 15 percent of revenue in interest payments, more than the 14 percent limit that would lead to a downgrade to AA, Moody’s said.

U.K. Debt Service

The U.K. is likely to spend 7 percent of revenue servicing debt this year and 9 percent in 2013, rising to almost 12 percent under the adverse scenario, Moody’s said.

Financing costs above 10 percent put countries outside of the AAA category into a so-called debt reversibility band, the size of which depends on the ability and willingness of nations to reduce their debt burden by raising taxes or reducing spending. The U.S. has a 4 percentage-point band, while the U.K. has a 3 percentage-point band.

Posted in 2012, Chuck Norton, Economics 101, Government Gone Wild, Obama and Congress Post Inaugration | 1 Comment »

IMF Cheif calls for new world reserve currency to replace the dollar

Posted by iusbvision on March 16, 2010

This is what happens when debt and printing and fiscal irresponsibility reach the levels that it now has. Other countries want out of the dollar and several more such as Germany, China and Russia have asked us to stop the spending and printing etc.

ABC News:

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.

“That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of the 186-nation Washington-based lending organization.

Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF’s special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.

He said having other alternatives to the dollar “would limit the extent to which the international monetary system as a whole depends on the policies and conditions of a single, albeit dominant, country.”

Strauss-Kahn, a former finance minister of France, said that during the recent global financial crisis, the dollar “played its role as a safe haven” asset, and the current international monetary system demonstrated resilience.

“The challenge ahead is to find ways to limit the tension arising from the high demand for precautionary reserves on the one hand and the narrow supply of reserves on the other,” he said.

Several countries, including China and Russia, have called for an alternative to the dollar as a reserve currency and have suggested using the IMF’s internal accounting unit.

Posted in 2012, Chuck Norton, Economics 101, Government Gone Wild, Health Law, Obama and Congress Post Inaugration | 1 Comment »

New York Post: New Matt Damon Flick Slanders America

Posted by iusbvision on March 16, 2010

Yet another Iraq War flick from the Hollywood left that no one will see. They all have one thing in common, they demonize our troops and paint them to be reckless or stooges.

The Hurtlocker, the Iraq film that got so much attention at the Oscars, has been criticized by troops.  It generated only 15 million at the box office. Come to find out the story was “appropriated” from the life of a soldier that the writer was embedded with as a journalist so the film makers are being sued by the soldier (appropriation is akin to plagiarism).

NY Post:

After all of Hollywood’s Iraq movies have flopped (even the Oscar-garlanded “The Hurt Locker” earned only $15 million at the box office), one studio thinks it has the following secret to success: The previous films didn’t insult the United States enough.

“Green Zone,” opening Friday, is a $100 million slime job that conjures up a fantastically distorted leftist version of the war and wraps it around a frantic but preposterous action picture.

Even for Hollywood, “Green Zone” is dumbfoundingly brazen in its effort to rewrite the facts. As any reasonably informed person knows, many intelligence services (including the French, German, Chinese, Russian and British) believed Iraq had WMDs. And the CIA (which along with Chief Miller is a hero of “Green Zone”) was among them. Plus, such intel reports predated the Bush administration — and Saddam’s refusal to allow the UN weapons inspectors to finish their work gave us every reason to think he was hiding something and sealed his fate.

It’s one thing to make a fantasy film laced with snarky jibes at the United States and its military. It’s of another order entirely for an American studio (Universal, a unit of GE) to perpetrate, during an ongoing war, such vicious anti-American lies disguised as cheap entertainment.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War, Leftist Hate in Action | Leave a Comment »

Rick Santelli blasts lack of Fannie Mae reform, the TARP rip-off, government lies and corruption

Posted by iusbvision on March 16, 2010

Rick Santelli confirms IUSB Vision editor Chuck Norton’s analysis from long ago Fannie Mae and Freddie Mac, the two biggest problems in the mortgage industry are not being reformed, the feds are dumping billions into them and they are still getting their fat bonuses at taxpayer expense.

Santelli also points out that the TARP program was a rip off, a bait & switch. They promised to use the money to buy up toxic assets and instead used the money instead to buy control of banks and pick winners and losers in the banking industry. Bank A would get TARP money, bank B would not, bank A buys bank B and gives 5 million to ACORN or another arm of the Democratic Party. Welcome to politics Chicago style.

The Proof: Links (1, 2, 3, 4, 5, 6, 7, 8,)

Posted in 2012, Big Bizz Loves Big Govt, Chuck Norton, Corporatism, Mortgage Crisis, Obama and Congress Post Inaugration | Leave a Comment »

Remember REAL Hope & Change?

Posted by iusbvision on March 16, 2010

Via our friends at

After we broke national news yesterday with another mystery billboard here in Minnesota criticizing Barack Obama by comparing him to his predecessors — in this case, Ronald Reagan — some felt that the picture was in some way photoshopped.  That belief persisted even after other news agencies confirmed with Franklin Outdoor Advertising that the sign existed exactly as we reported, on I-94 outside of Albertville on the northwest end of the Minneapolis-St. Paul metro area.


Indeed it is real –

Posted in 2012, Campaign 2008, Chuck Norton, Culture War, Obama and Congress Post Inaugration | 1 Comment »

Chicago Trib: Young People in the News Room Can’t Identify Iwo Jima Photo – 25% Don’t Know Who Hitler Was

Posted by iusbvision on March 16, 2010

This is the photo of American Marines raising the flag over Mt. Suribachi after 5000 marines died securing the island from the Japanese in WWII…and no I didn’t need to look that up.

The Chicago Tribune’s Ron Grossman writes:

I took a quick survey in the newsroom the other day, something between a Rorschach test and a pop quiz, asking younger colleagues to identify an iconic photograph of World War II.

While some instantly recognized the image, others couldn’t quite place it.

“I know I ought to know it,” one co-worker said. “It was in the movie, ‘Flags of Our Fathers.'” Some, seeing uniforms, realized it must be a war photo. Maybe Vietnam? One got the era right but the battlefield wrong. She guessed it was D-Day, not, as it was, the raising of the American flag on Iwo Jima.

Journalists are probably more attuned to history than many people. We stick bits of it into the third or fourth paragraph of a story as background to the day’s events. But non-journalists have less incentive to keep up with the past, apparently not even the lure of good grades. Nearly a quarter of 17-year-olds recently surveyed by Common Core, an educational advocacy group and think tank, couldn’t identify Adolf Hitler.

Amazing…. and with all due respect to Ron Grossman, it has been my experience that journalists, as a group, are among the most uniquely ignorant of any group of people I have ever encountered.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Culture War | 2 Comments »